Gokul Agro Resources Limited has announced a strategic relocation of its captive solar power project in Gujarat, moving from the originally planned site to a new location due to technical and regulatory considerations. The company disclosed this development through a regulatory filing, citing the need to avoid further delays and address technical challenges identified at the original location.

Project Relocation Details

The solar power project has been moved from its initial location at Dalpura, Banaskantha, Gujarat to Village Bamanva, Taluka Vijapur, District Mehsana, Gujarat. The company has successfully acquired the new project land through lease arrangements, ensuring continuity of the renewable energy initiative.

Regulatory Approvals and Grid Connectivity

A significant milestone was achieved when Gujarat Energy Transmission Corporation Limited (GETCO) granted approval for grid connectivity and evacuation of the 11.84 MW solar power project. The approval covers connection to the 66KV Bamanva Substation of GETCO, specifically designated for captive use by the company.

The regulatory approval represents a crucial step forward after the challenges faced at the original Dalpura location, where technical issues and regulatory delays had impacted project progress. The company's decision to relocate demonstrates its commitment to advancing its renewable energy objectives while ensuring regulatory compliance.

Implementation Timeline

With the necessary approvals now in place, Gokul Agro Resources has outlined a clear timeline for project completion. The installation work for the solar power project is expected to be completed within the next 6-8 months, indicating progress toward operational readiness.

Background and Strategic Context

The solar power project represents part of the company's renewable energy strategy to support its operations in the edible oil sector. The current relocation represents a strategic pivot to ensure project viability and timely execution while maintaining the same capacity and captive use objectives that were originally planned. This move demonstrates the company's adaptability in navigating regulatory and technical challenges while pursuing sustainable energy solutions.

Gokul Agro Resources Limited has successfully concluded its postal ballot e-voting process, with shareholders approving all seven proposed resolutions with overwhelming support. The company passed all seven resolutions through postal ballot e-voting, including borrowing power increases, director reappointments, and remuneration approvals with strong shareholder support.

E-voting Process Details

The e-voting facility was provided through National Securities Depository Limited (NSDL), with the voting period commencing at 9:00 AM IST on Monday, November 17, 2025, and concluding at 5:00 PM IST on Tuesday, December 16, 2025. The cut-off date for determining eligible shareholders was set as Friday, November 7, 2025.

Resolution Results Summary

All seven resolutions received strong shareholder support, with approval rates demonstrating significant confidence in the company's strategic initiatives:

Key Corporate Decisions

Financial and Operational Resolutions

The first two resolutions focused on enhancing the company's financial flexibility. Shareholders approved the increase in existing borrowing powers under Section 180(1)(c) of the Companies Act, 2013, and the increase in existing limits under Section 180(1)(A) for sale, creation of mortgage, or charge on company assets, properties, or undertakings.

Leadership and Governance

Shareholders endorsed the reappointment of Mr. Jayesh Kanubhai Thakkar (DIN: 03050068) as Joint Managing Director for a period of three years commencing from June 9, 2026. The corresponding remuneration package for this position also received approval with a 99.998% support rate.

Remuneration Adjustments

Two additional remuneration-related resolutions were approved:

• Revision in remuneration of Mr. Dipakkumar Kanubhai Thakkar, Executive Director (DIN: 07071694)
• Approval for increase in remuneration of Mr. Nilesh Kanubhai Thakkar (President-Sales and Marketing)

Voting Participation

The scrutinizer's report, prepared by Chirag Shah and Associates, Company Secretaries, confirmed that a total of 264,620,999 votes were exercised through the e-voting process, representing 89.68% of the total paid-up equity capital. The high participation rate reflects active shareholder engagement in the company's governance decisions.

Compliance and Documentation

The company followed all regulatory requirements under the MCA Circulars, sending the postal ballot notice electronically to members whose names appeared in the register of members as of the cut-off date. The notice was also published in newspapers and made available on the company's website at www.gokulagro.com and the e-voting website at www.evoting.nsdl.com .

The successful completion of this e-voting process enables Gokul Agro Resources Limited to proceed with its strategic initiatives, including enhanced borrowing capabilities, leadership continuity, and operational flexibility through the approved resolutions.